SAN DIEGO, March 26 /PRNewswire/ -- Premium financing has become a very important topic in the insurance industry. Premium financing of life insurance is a way for high-net-worth individuals, over the age of 55, to obtain the life insurance coverage they need without having to divest high yielding assets.

Life insurance premium financing is a tool, offered from a premium finance company, that an individual with substantial assets uses to cover the upfront costs and premium payments on a life insurance policy. Individuals often choose this course if they require a large amount of life insurance and do not want to pay the out-of-pocket costs. Premium financing makes the most sense when an individual wishes not to liquidate high yielding assets to cover the costs of a life insurance plan.

"Premium financing done right can be a great tool for our clients," notes Robert Hamzey, President of BCAJ Southern California Insurance Center, a company that offers premium financing services to clients. "The main use of this method is to allow our clients to use their capital more efficiently for themselves."

Most premium financing policies require at least $2.0 million in net worth and $100,000 a year in net income. The person insured under the life insurance policy has the option after 24 months to pay off the loan and maintain the insurance policy or they can retire the policy in a life insurance settlement.

BCAJ Southern California Insurance Center is dedicated to serving the investment needs of their clients. With an exceptional team of attorneys, accountants and planners on staff, BCAJ provides clients with the financial expertise to protect and grow their portfolio and realize their long-term goals. Included in the investment offerings of BCAJ Southern California Insurance Center is the Omega Life Settlement Fund, an excellent long-term high yield investment.

To learn more about premium financing, life settlements or investing in the Omega Life Settlement Fund managed by BCAJ Southern California Insurance Center, please contact Robert Hamzey, at (760) 685 - 7466 or at http://www.southerncaliforniainsurancecenter.com/

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Source: BCAJ Southern California Insurance Center

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